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Damages caused by riots in Iran to be covered by Central Insurance

Finance Materials 25 November 2019 11:16
Damages caused by riots in Iran to be covered by Central Insurance

TEHRAN, Iran, Nov.25

Trend:

Assessment of the extent of the damage caused by recent unrest in Iran is ongoing and the final reports have not yet been made public, head of central insurance of Iran said.

Referring to the extent of the damages estimated by insurance companies, Gholamreza Soleimani said that the reports have not yet been finalized to be reported, Trend reports citing ILNA.

The official added criteria for determining whether the damage was deliberate or not are based on the police reports.

“If the police determines it was intentional, the insurance company is not responsible for compensation of the damage,” said Soleimani.

“Documents are not covered by insurance,” he said answering whether the documents, including the warranty documents that were damaged during the disturbances, are covered by the insurance.

Regarding the payment of wergild for those killed during the protests, Soleimani said: “Insurance companies must pay wergild for anyone who was killed and who was under insurance coverage.”

The protests erupted in Iran last week after the government announced the price of petrol would be increased by 50%.

The price of a liter rose to 15,000 rials (35 cent). Drivers were told they would be allowed to purchase only 60 liters per month before the price rose to 30,000 rials (71 cent).

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